I did not take this trade because news came out & it is an H1 setup but, it looks like we could have taken it like this.

Let's see what it does.

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Hi PinBar,

I am new to this thread. Have been following this for the past 1 week. Can you please tell me what is FTA in the screenshot attached? To me, FTA seems like a level which turns from support to resistance or vice-versa. Also, what do you guys mean by PPZ?

Was looking at the EUR/USD and saw a break above the 1.38 and waited for a retracement back to that level for a bullish PA signal. Would you guys consider the pin that has formed on the H4 below a valid bullish signal?

I am new to this thread. Have been following this for the past 1 week. Can you please tell me what is FTA in the screenshot attached? To me, FTA seems like a level which turns from support to resistance or vice-versa. Also, what do you guys mean by PPZ?

Thanks

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Hey Forex welcome to the thread

A FTA can be anything from a minor ppz, previous high/low, to a round number. It is the first area that price can stall at.

Here is some info on PPZ(which stands for Price Pivot Zone, which is a flip of support and resistance)

Was looking at the EUR/USD and saw a break above the 1.38 and waited for a retracement back to that level for a bullish PA signal. Would you guys consider the pin that has formed on the H4 below a valid bullish signal?

Entered this today. Stop at BE. I'm wondering whether to take profit or hang on to it and see what happens when the aussie news hits tonight - whats the j16 take on this. Interested to hear anyones thoughts and what experienced traders normally do in this situation when big news is coming.

Thanks.

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Hey Majestic

There is no one and only answer but getting to b/e at this point sounds good. You could of course flat take profit or even trail under bar lows if you want to give it more room. I like that one for taking full profit at that first area, that is how I would be comfortable with that type of trade personally. All are viable options though

I had been reading the thread for a long while and still bilding up on the knowledge base. if some one could display the daily Emini and elobrate on the PA between 25 august and 31 august , 3 bars low day apart were the same low , will be appreciated thanks.

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Hey Meno

There was a BUOB in that time span, that went to where we might expect it to stall(blue box). If one held it since it was off the 10k level(big level) it would have been close if your stop got hit(nearly where those 3 lows you are speaking of) before the much stronger move higher

I am new to this thread. Have been following this for the past 1 week. Can you please tell me what is FTA in the screenshot attached? To me, FTA seems like a level which turns from support to resistance or vice-versa. Also, what do you guys mean by PPZ?

I had been reading the thread for a long while and still bilding up on the knowledge base. if some one could display the daily Emini and elobrate on the PA between 25 august and 31 august , 3 bars low day apart were the same low , will be appreciated thanks.

the hardest part of this is between your ears and losing at your stage is not a bad thing.

i will tell you why.

the only people that ever make it in this business are almost always those that had the following happen to them.

1. they find a solid method. you have. be very very thankful for that. most search years and never do.

2. they lose early on which causes them to refine, simplify and focus on the best possible set ups they can find. most give up because they lose faith in the method. you have 5 years of proof that the......

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"Hi James,

I want to thank you for the charts and videos you've been posting lately. It's fun to see some of the trades that you actually enter and how you manage them. I'm not at the level where I can confidently play bounces without PA confirmation, but I definitely see the potential.

Also, I know you're interested in how your members are doing, so I thought I'd let you know that I think (and hope) I'm rounding the corner into consistent profitability. I did great on demo for 9 months, and promptly stunk it up my first 2 months of live trading - totally different ballgame. But, I made myself be much more selective in my trades, and have only been averaging 1-3 trades per month and have been profitable or breakeven for the last 7 months in a row."

NOTICE THE LONG DEMO PERIOD. NOTICE THE INTIAL LOSING PERIOD.

NOTICE WHAT IT FORCED HIM TO DO. HE BECAME MORE SELECTIVE AND FOCUSED.

[b]NOTICE THE POSTIVE RESULTS THAT THIS PROCESS EVENTUALLY PRODUCED.PRINT IT AND PUT IT ON YOUR WAll.YOU CAN DO THIS.

No need, it looks exactly the same as yours. I only looked at the 4H-TF and I took it of a 4H-PPZ at the swinghigh of 29 september, when price returned to this swinghigh yesterday I expected it now to act as support. BTW peculiar to see that on some currency pairs my feeds looks the same like yours but on others like the Ozzie yesterday they are not, I didn't receive that beautifull PB yesterday on my feed, what a bummer.

Did you open 1 or 2 trades for every opportunity? Where did you take profit and moved to BE. Where was your stop loss? etc

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Thanks for the kind words. I don't try anything fancy, I just follow the basic J16 precepts. The times I have strayed from the proven methods are usually the times I had losses.

I am a chicken trader. I open 1 trade and move to breakeven quickly, usually at ~ +30 pips. I take half profit at FTA and I exit quickly if things start to turn against me. So I tend to miss the good runners but my win rate is high. I'm really trying to let my winners run because I know that is the right MM strategy, but it's fighting against my nature!

I put the SL behind the end of pin bar or outside bar. I change my lot size to come out to 2% risk depending on where the SL is.

Two things that have REALLY helped me are:
1. guidance from seniors to wait for retracement before entering the trade
+
2. after seeing a daily chart trade, moving down to a lower timeframe to pinpoint the best time to enter that trade.

Thanks for the kind words. I don't try anything fancy, I just follow the basic J16 precepts. The times I have strayed from the proven methods are usually the times I had losses.

I am a chicken trader. I open 1 trade and move to breakeven quickly, usually at ~ +30 pips. I take half profit at FTA and I exit quickly if things start to turn against me. So I tend to miss the good runners but my win rate is high. I'm really trying to let my winners run because I know that is the right MM strategy, but it's fighting against my nature!